The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1887-08-24
The Cotton Movement.

The New ! lork Financial Chronicle, IN
its review OF the movement of the cotton
crop for the week ending on the night
of August u, says that the total receipts
have reached II,270 bales, against l,499
bales last week, 2,5S1 bales the pre-
vious week, AID 3,295 bales three weeks
since; making the total receipts since
the Ist September, 1885, 5,2l3, 4+S bales,
against 5,3!4, 55l bales for the same
period Of 1856, showing q decrease since
September l, 1856, of 101, 100 bales.
Tho exports for the week reach total
OF 12,52l bales, oi which II, ,G5J were to
Great Britain, il to France, and LAPS
to the rest Of the continent.
The total visible supply of cotton, as
made up by cable and telegraph, for the
week was as follows:
Total OF Great Britain stock 100000
bales, total of continental stocks 3lt,-
l00-making total OF European stocks
OF 1904, 100 bales The total visible
supply for the world is l,344, 100 bales;
of this number 12S,390 are American
and GIG, 100 East Indian, etc.
The imports into continental ports
for the week have been $1,000 bales.
These figures indicate an increase in
the cotton in sight OF u, 1G2 bales as
compared with the same date of 1856,
an increase Of 1862 bales as compared
with the corresponding date of 1885.
The receipts at interior towns for the
week were 1,279 bales. Old interior
stocks were decreased l,76S bales, and
were 333, go bales less than at the same
period last year.
The receipts from the plantations,
being the actual movement, not including
the overland receipts nor Southern con-
sumption, Of cotton that reached the
market through the outports for the
past week were 3, l25 bales. The total
receipts since lst September, 1886, were
), 1S9,33 bales The actual movement
from the plantations was only 5,219
bales, the balance being taken from the
stocks at the interior towns.
Southern spinners' tahings to 1st 4lu-
gust have been 39l, 900 bales as against
3OS, 800 bales at the same time last year.
The Chronicle says, in reviewing the
speculation in futures during the week:
'Tbe speculation in cotton for future
delivery at this market has been some
what inactive for the week under review,
and the principal feature in the decline
il options tor This month. No very i'm
portant Influences have been at work.
Crop accounts have improved, owing to
the fail Of needed rain over consider
able portion OF Texas, and partial
clearing up il Georgia ana the Carroll
naS, where the downfall had been exces-
sirc. Liverpool reports have reflected
very unsettled market there. The
bureau report, made public on Wednes-
day, was rather better than was generally
expected. On Saturday the next crop
ruled slightly dearer, but the improve
ment was lost on Monday. In the
course Of Tuesday and Wednesday there
was a decline Of so points in August
options, while the next crop gave way
only to points. There were unac-
couDtably full receipts Of old cotton at
New Orleans, which had an unfavorable
effect upon values for prom. delivery.
On Thursday al early decline, under
weak Liverpool adyices, was fully recor-
cred on a demand to cover contracts.
To-day an early decline was followed by
variable unsettled values. Cotton on
the spot, under freer offerings and de-
clining prices, has been fairly active,
both for export and home consumption.
Quotations were reduced l-l6c. on Mon
day and &c. on Wednesday. Friday, at
q further decline of Lice, there was
very large business for export, and home
spinners bought fairly"